Brokers confused by insurtech hype

One-in-ten brokers say insurtech has ‘little relevance’ to them

Brokers believe it is difficult to know where to invest in insurtech to get maximum return on investment.

That was one of the key findings of a recent survey by Insurance Age for Close Brothers Premium Finance, which found that almost half (44.4%) of respondents fell into this camp.

The survey of 562 intermediaries also unveiled that 16.7% went as far as to say it was ‘too expensive and returns too uncertain to justify investing in presently’; while 11.6% described it as ‘largely hype, with